The Delaware state legislature has passed Senate Bill 203 to amend Title 8 of the Delaware Code, allowing corporations to use captives for directors’ and officers’ liability insurance
The concessions of the Internal Revenue Service in a legal challenge of a captive insurance company have been accepted by a judge in a US Tax Court before trial
A Delaware magistrate judge has recommended that the IRS’ summons against the Delaware Department of Insurance should be granted
Governor John Carney of Delaware has signed Senate Substitute 1 for Senate Bill 36 to allow captive structures to be classified as registered series
With the expansion of special purpose acquisition companies, captive insurance can potentially fill insurance gaps, according to Jeffrey Raskin, partner and Lauren Burke, associate at Morgan Lewis
The Delaware State Senate has passed Senate Bill 36, which is an act to amend title 18 of the Delaware Code relating to captive insurance companies
The Delaware Department of Insurance has revealed that the state licensed 70 new captives in 2020, including 67 conditional licenses
A.M. Best has affirmed the long-term issue credit rating of “a” on the $800 million floating rate insured notes due 2037 issued by Northwind Holdings, a Delaware limited liability company and a wholly-owned subsidiary of Unum Group
